Well, 2021!
What interesting things lie ahead this year?
Let's take a look back at Arizona Silver Exploration in 2020. Not only did we buy out the lease agreement on Philadelphia, we bought out the NSR as well. This is a true statement of commitment and belief in our feature project. We have continued to hit gold in the hanging wall vein and have added drill intercepts in the high-grade main vein, producing great results of 41 gpt and 33 gpt along with 23 gpt, over 10 meters wide. We have also confirmed down dip continuity of the hanging wall vein to 600 feet, and drilled along strike for 1200 feet. https://arizonasilverexploration.com/philadelphia/
You may recall the results in several holes on the hanging wall vein seemed weaker than expected due to the fact that we saw so much visible gold. We are addressing this issue. We are awaiting results from the lab on hole 21-T. We have drilled this in core, as a twin to to RC hole -21. With RC we found that gold may be washed out due to the high-water pressure we encountered in all of these holes. We are pleased with what we see in the core, but the lab has the final say. We finished the year with a financing oversubscribed, thanks to a strong showing from insider participation, and a fund has stepped in for 4% of our company. We look forward to working with our team closely as we develop more understanding of our Philadelphia property. We are pleased at this progress in just one year, drilling to date represents less than 10% of the strike length of the total mineral system. So much potential!
Our 3 other properties remain in good standing as opportunities to build further shareholder value as time permits. We continue to remain focused on Philadelphia due to the outstanding results. We are well funded and awaiting results from 8 holes completed Dec 22, 2020. Three should be due back shortly with the remaining holes expected back in the weeks ahead. Our team would like to thank our shareholders for their continued support and encouragement in Arizona Silver Exploration. I hope that you and yours managed to find some bright spots in 2020, and I wish you all peace and happiness in 2021.
Sincerely,
Mike Stark, CEO, President
Arizona Silver Exploration Inc.
C 604.833.4278
CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. Forward-looking statements in this news release include statements in relation to the timing, cost and other aspects of the 2020 exploration program; the potential for development of the mineral resources; the potential mineralization and geological merits of the exploration properties; and other future plans, objectives or expectations of the Company. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include the risk that actual results of current and planned exploration activities, including the results of the Company's 2020 drilling program(s) on its properties, will not be consistent with the Company's expectations; the geology, grade and continuity of any mineral deposits and the risk of unexpected variations in mineral resources, grade and/or recovery rates; fluctuating metals prices; possibility of accidents, equipment breakdowns and delays during exploration; exploration cost overruns or unanticipated costs and expenses; uncertainties involved in the interpretation of drilling results and geological tests; availability of capital and financing required to continue the Company's future exploration programs and preparation of geological reports and studies; delays in the preparation of geological reports and studies; the metallurgical characteristics of mineralization contained within the exploration properties are yet to be fully determined; general economic, market or business conditions; competition and loss of key employees; regulatory changes and restrictions including in relation to required permits for exploration activities (including drilling permits) and environmental liability; timeliness of government or regulatory approvals; and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. In connection with the forward-looking information contained in this news release, the Company has made numerous assumptions, including that the Company's 2019 programs would proceed as planned and within budget. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation.
